National Accounts
Public Finance
BoP and Foreign Trade
Prices and Rates
Monetary Survey

 

BALANCE OF PAYMENTS AND FOREIGN TRADE

Data source: Central Bank of Armenia and International Trade Center

Calculations and data processing: Economic Development and Research Center (EDRC)

Data were updated on December 14, 2018.

Note: According to the revisions implemented in the Balance of Payments of RA since 2004, the comparability with some indicators for the previous years decreased.


 

Figure 1. Foreign trade of Armenia
Table 1. Balance of Payments, USD mln
Table 2. Balance of Payments, % of GDP
Table 3. Armenian imports from the largest partner countries
Table 4. Armenian exports to the largest partner countries
Table 5. Largest import item groups
Table 6. Largest export item groups

  

Figure 1. Foreign trade of Armenia, USD mln

 

Table 1. Balance of Payments, USD mln

 

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

 CURRENT ACCOUNT

-123.9

-1,658.9

-1,425.5

-1,261.4

-1,058.9

-1,057.9

-813.0

-882.9

-272.4

-238.1

-279.7

   Current Account (excluding current transfers)

-509.7

-2,347.9

-1,923.4

-1,774.0

-1,643.3

-1,683.1

-1,517.7

-1,524.1

-693.1

-630.5

-725.1

  Goods and Services

-782.6

-3,127.5

-2,366.3

-2,326.5

-2,175.6

-2,214.0

-2,321.1

-2,168.9

-1,281.8

-1,015.8

-1,403.3

   Exports of goods and services

 1,458.8

 1,943.6

 1,559.3

 2,210.7

 2,742.2

 2,917.4

 3,155.3

 3,318.3

 3,136.3

 3,500.4

 4,306.8

   Imports of goods and services

 2,241.4

 5,071.1

 3,925.6

 4,537.2

 4,917.8

 5,131.4

 5,476.4

 5,487.3

 4,418.2

 4,516.2

 5,710.1

  Goods

-634.7

-2,816.3

-2,090.0

-2,065.7

-2,109.8

-2,111.9

-2,196.2

-2,055.4

-1,186.4

-944.4

-1,375.4

   Exports of goods

 1,028.7

 1,106.3

 773.6

 1,197.5

 1,431.6

 1,515.7

 1,635.9

 1,698.1

 1,623.9

 1,890.7

 2,385.2

   Imports of goods

 1,663.4

 3,922.6

 2,863.6

 3,263.2

 3,541.4

 3,627.6

 3,832.0

 3,753.6

 2,810.3

 2,835.1

 3,760.7

  Services

-147.9

-311.2

-276.3

-260.8

-65.8

-102.1

-125.0

-113.5

-95.4

-71.4

-27.9

   Exports of services

 430.1

 837.3

 785.7

 1,013.2

 1,310.6

 1,401.7

 1,519.4

 1,620.2

 1,512.4

 1,609.7

 1,921.5

   Imports of ervices

 578.1

 1,148.5

 1,062.0

 1,274.0

 1,376.4

 1,503.8

 1,644.4

 1,733.7

 1,607.9

 1,681.1

 1,949.4

  Income

 206.0

 691.3

 358.8

 458.3

 360.1

 423.1

 682.5

 541.1

 442.9

 224.2

 463.3

  Current transfers

 385.8

 689.1

 497.9

 512.6

 584.4

 625.2

 704.7

 641.2

 420.7

 392.4

 445.4

 CAPITAL ACCOUNT

 84.0

 171.4

 87.9

 98.9

 94.6

 108.4

 84.4

 70.4

 65.3

 34.9

 46.3

 FINANCIAL ACCOUNT

-203.3

-1,528.8

-1,440.0

-1,318.5

-1,001.0

-759.0

-1,027.8

-848.9

-356.5

-431.6

-540.1

 Net errors and omissions

-163.4

-41.4

-102.4

-155.9

-36.8

 190.5

-299.2

-36.5

-149.3

-228.3

-306.7

 

Table 2. Balance of Payments, % of GDP

 

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

 CURRENT ACCOUNT

-15.8

-2.5

-14.2

-16.5

-13.6

-10.4

-10.0

-7.3

-7.6

-2.6

-2.3

-2.4

   Current Account (excluding current transfers)

-20.3

-10.4

-20.1

-22.2

-19.2

-16.2

-15.8

-13.6

-13.1

-6.6

-6.0

-6.3

  Goods and Services

-27.8

-16.0

-26.8

-27.4

-25.1

-21.5

-20.8

-20.9

-18.7

-12.1

-9.6

-12.2

   Exports of goods and services

 23.8

 29.8

 16.7

 18.0

 23.9

 27.0

 27.5

 28.4

 28.6

 29.7

 33.2

 37.3

   Imports of goods and services

 51.6

 45.7

 43.5

 45.4

 49.0

 48.5

 48.3

 49.2

 47.3

 41.9

 42.8

 49.5

  Goods

-24.4

-13.0

-24.1

-24.2

-22.3

-20.8

-19.9

-19.7

-17.7

-11.2

-9.0

-11.9

   Exports of goods

 16.4

 21.0

 9.5

 8.9

 12.9

 14.1

 14.3

 14.7

 14.6

 15.4

 17.9

 20.7

   Imports of goods

 40.8

 33.9

 33.6

 33.1

 35.2

 34.9

 34.2

 34.5

 32.3

 26.6

 26.9

 32.6

  Services

-3.4

-3.0

-2.7

-3.2

-2.8

-0.6

-1.0

-1.1

-1.0

-0.9

-0.7

-0.2

   Exports of services

 7.3

 8.8

 7.2

 9.1

 10.9

 12.9

 13.2

 13.7

 14.0

 14.3

 15.3

 16.7

   Imports of ervices

 10.7

 11.8

 9.8

 12.3

 13.8

 13.6

 14.2

 14.8

 14.9

 15.2

 15.9

 16.9

  Income

 3.1

 4.2

 5.9

 4.1

 4.9

 3.6

 4.0

 6.1

 4.7

 4.2

 2.1

 4.0

  Current transfers

 4.5

 7.9

 5.9

 5.8

 5.5

 5.8

 5.9

 6.3

 5.5

 4.0

 3.7

 3.9

 CAPITAL ACCOUNT

 0.7

 1.7

 1.5

 1.0

 1.1

 0.9

 1.0

 0.8

 0.6

 0.6

 0.3

 0.4

 FINANCIAL ACCOUNT

-11.3

-4.1

-13.1

-16.7

-14.2

-9.9

-7.1

-9.2

-7.3

-3.4

-4.1

-4.7

 Net errors and omissions

 3.8

-3.3

-0.4

-1.2

-1.7

-0.4

 1.8

-2.7

-0.3

-1.4

-2.2

-2.7

 

Table 3. Armenian imports from the largest partner countries, USD mln

Country

2001

2005

2010

2011

2012

2013

2014

2015

2016

2017

 Russian Federation

166.2

250.6

828.3

885.4

1,052.4

1,104.5

1,069.3

991.1

990.6

1,165.6

 China

2.1

26.1

402.1

402.5

397.1

383.5

414.4

315.5

363.5

465.8

 Turkey

29.0

53.1

210.5

240.4

213.1

210.2

230.9

136.5

169.0

221.6

 Iran, Islamic Republic of

72.8

101.0

217.7

217.0

219.5

187.6

206.4

198.3

164.9

174.5

 Germany

31.9

98.9

155.9

162.4

168.9

175.9

175.7

182.1

160.4

164.3

 Italy

28.6

44.6

121.1

167.8

166.6

162.9

178.8

148.1

127.4

124.3

 Ukraine

22.0

67.2

229.5

232.1

215.9

226.3

201.8

124.6

98.9

115.4

 United States of America

83.5

103.2

101.5

133.0

129.9

118.8

112.7

105.1

79.1

113.7

 Switzerland

28.3

87.9

69.5

78.3

87.0

172.3

146.0

51.6

37.6

92.7

 Georgia

12.9

39.3

49.7

59.4

48.5

65.3

71.2

66.7

95.0

87.3

 United Arab Emirates

44.5

85.4

36.3

49.1

47.8

67.4

67.5

43.6

57.8

85.9

 France

11.9

38.4

76.4

81.3

66.2

62.6

78.7

64.9

52.5

72.2

 Canada

6.9

4.1

20.5

27.6

15.1

23.2

17.9

13.6

11.9

63.3

 Brazil

0.2

2.7

51.3

83.3

93.1

87.3

91.4

61.4

48.9

62.6

 Poland

2.4

4.2

29.8

35.4

41.7

43.1

47.2

34.0

36.7

49.2

 Greece

13.5

37.8

50.8

60.6

28.7

22.0

15.4

16.7

21.3

48.9

 India

5.1

10.7

45.9

68.7

69.5

67.4

63.4

52.3

69.4

45.3

 Japan

2.9

2.6

55.6

40.9

63.5

45.9

43.8

45.6

32.4

44.6

 Bulgaria

6.2

11.1

112.4

102.2

86.4

68.3

25.5

26.0

32.0

39.9

 Belarus

1.0

11.5

31.9

29.5

33.6

40.8

31.0

33.8

23.2

37.6

 Total selected countries

572.0

1,080.5

2,896.7

3,157.0

3,244.4

3,335.1

3,289.0

2,711.5

2,672.3

3,274.8

 Total imports

837.5

1,691.5

3,781.8

4,109.3

4,266.9

4,256.2

4,159.5

3,257.0

3,218.5

3,893.5

 

Table 4. Armenian exports to the largest partner countries, USD mln

Country

2001

2005

2010

2011

2012

2013

2014

2015

2016

2017

 Russian Federation

57.7

115.8

159.9

220.9

277.9

331.9

304.6

225.9

373.0

540.5

 Bulgaria

0.3

0.8

156.5

152.2

129.3

152.2

85.6

78.9

163.4

281.7

 Switzerland

23.0

34.6

16.9

33.7

71.4

24.7

14.0

40.8

95.0

246.5

 Georgia

11.9

34.1

48.2

55.0

78.0

75.2

65.9

114.0

141.2

144.9

 Germany

10.9

146.7

132.6

157.8

153.0

85.5

158.5

145.0

135.1

126.9

 China

0.1

9.2

30.9

16.3

31.0

68.8

171.0

165.2

99.7

118.5

 Iraq

0.0

0.0

0.4

4.9

15.7

47.7

80.6

130.7

140.5

117.2

 United Arab Emirates

7.2

10.2

8.0

9.7

9.2

9.4

12.0

11.1

68.8

92.4

 Netherlands

1.2

130.1

98.6

117.2

79.7

66.4

74.2

47.3

55.5

88.4

 Iran, Islamic Republic of

31.5

24.9

39.6

94.3

94.2

85.9

83.7

77.9

69.6

84.0

 United States of America

51.5

61.6

82.3

100.4

87.3

88.4

87.1

54.0

39.2

59.2

 Syrian Arab Republic

0.1

0.5

0.1

0.0

0.2

2.9

18.5

25.4

27.6

50.0

 Belgium

46.5

124.5

72.5

70.5

127.2

131.1

62.4

47.5

41.3

37.9

 Italy

6.0

25.4

4.8

4.6

7.7

23.1

34.5

49.0

31.5

36.1

 Area Nes

1.4

1.4

31.3

31.5

32.1

16.5

18.2

8.3

21.0

14.3

 Ukraine

10.9

13.6

12.0

11.1

14.3

14.8

10.3

6.0

8.2

10.0

 Thailand

0.0

0.8

2.8

3.6

3.0

2.7

22.4

1.2

2.6

8.2

 Poland

0.0

0.7

2.1

0.9

0.6

1.1

3.6

14.6

17.3

7.9

 Canada

0.9

11.4

29.6

70.3

85.0

87.4

93.3

112.1

133.1

7.1

 Belarus

1.2

2.5

4.6

5.8

6.5

8.6

9.0

5.5

13.1

6.9

 Total selected countries

262.4

748.9

933.8

1,160.7

1,303.2

1,324.2

1,409.4

1,360.4

1,676.9

2,078.8

 Total exports

335.8

937.0

1,011.4

1,320.4

1,428.1

1,467.8

1,490.2

1,482.7

1,807.8

2,145.0

 

Table 5. Largest import item groups, USD mln

 Code

Product

2001

2005

2010

2011

2012

2013

2014

2015

2016

2017

 2711

 Natural and liquid gas

85.6

96.9

339.5

411.7

520.3

575.6

467.3

432.9

348.0

358.3

 2710

 Oil and oil products

88.1

155.5

304.1

370.9

360.5

341.6

321.2

217.4

198.3

242.6

 3004

 Medicine (weighted and packed)

27.4

42.9

80.2

91.5

94.6

109.6

101.0

93.9

88.4

163.9

 7102

 Diamonds

86.0

270.8

93.9

126.7

96.8

116.4

148.3

87.4

125.7

124.5

 8517

 Telephone (mobile) devices and other transmitting devices

6.5

15.8

81.4

79.1

69.4

48.9

59.2

46.1

92.9

89.4

 7601

 Unwrought aluminium

0.0

0.0

92.6

71.6

63.4

53.3

57.7

59.5

48.1

67.3

 1001

 Wheat and meslin

42.4

47.9

87.9

90.6

131.8

108.7

100.8

70.6

60.1

60.5

 7108

 Gold

18.7

74.3

60.1

78.4

74.0

168.6

145.1

23.3

21.5

56.6

 8703

 Motor cars

7.3

37.6

59.2

76.7

60.3

61.6

60.8

87.9

41.3

49.0

 8704

 Motor vehicles for the transport of goods

1.9

25.0

34.7

42.6

59.9

28.6

23.5

21.8

19.6

48.6

 8429

 Self-propelled bulldozers, angledozers, graders, levellers,   scrapers, mechanical shovels, excavators

0.1

1.6

23.7

30.6

44.8

22.4

20.0

13.4

16.5

45.1

 2208

 Ethyl spirit and alcoholic beverages

1.0

9.1

29.6

27.5

38.7

40.8

38.9

33.7

47.0

43.7

 1701

 Cane or beet sugar and chemically pure sucrose, in solid form

18.1

25.5

30.8

53.8

51.4

40.5

45.6

33.0

21.7

43.2

 0207

 Meat and edible offal of fowls of the species Gallus domesticus,   ducks, geese, turkeys

10.3

10.5

39.9

47.0

41.9

47.6

45.5

34.9

26.7

40.3

 1806

 Chocolate and other cocoa containing food

4.4

12.4

35.9

38.3

39.7

42.4

38.6

37.6

37.3

40.2

 Total for selected

397.8

826.1

1,393.5

1,637.0

1,747.5

1,806.7

1,673.6

1,293.2

1,193.1

1,473.2

 Total imports

837.5

1,691.5

3,781.8

4,109.3

4,266.9

4,256.2

4,159.5

3,257.0

3,218.5

3,893.5

 

Table 6. Largest export item groups, USD mln

 Code

Product

2001

2005

2010

2011

2012

2013

2014

2015

2016

2017

 2603

 Copper ores and concentrates

11.7

16.6

210.6

260.6

227.6

279.9

235.9

316.6

370.1

571.5

 2402

 Cigar, Cigarillo, Cigarettes

1.8

3.2

8.2

16.3

41.8

68.0

115.9

170.5

211.5

237.3

 2208

 Ethyl spirit, spirit tincture, liqueur and other alcoholic drinks

36.0

79.9

95.7

131.2

164.8

186.2

163.7

92.5

150.9

207.5

 7108

 Gold

19.2

36.5

28.6

67.3

77.5

73.6

81.9

98.9

140.9

145.0

 7607

 Aluminium foil

6.2

0.2

78.5

87.0

81.1

80.4

88.5

82.9

77.1

96.4

 7202

 Ferro-alloys

6.2

235.3

119.6

121.3

106.8

102.4

109.7

55.5

66.0

84.4

 7102

 Diamonds

85.8

263.0

90.3

113.7

79.1

88.1

118.0

77.3

106.3

72.8

 2716

 Electricity

16.6

17.9

26.2

87.5

95.2

78.0

81.3

77.5

57.1

71.0

 7402

 Non-refined copper, copper anode for electrolytic process

9.7

42.7

92.6

114.6

104.8

90.2

71.8

65.5

62.8

70.7

 9405

 Lamps and lighting fittings

0.1

0.0

0.1

0.2

0.6

0.4

0.1

0.1

0.5

37.4

 6203

 Men's or boys' suits, ensembles, jackets, blazers, trousers,   bib and brace overalls

2.2

0.4

1.3

2.1

6.5

9.7

11.7

16.3

21.2

28.0

 7113

 Articles of jewellery & parts

15.5

34.0

13.2

12.2

13.2

21.3

21.5

18.1

19.1

26.9

 6202

 Women's or girls' overcoats, car coats, capes, cloaks,   anoraks, incl. ski jackets, windcheaters

4.5

0.2

0.5

0.7

1.6

9.3

18.6

19.6

17.6

24.5

 6201

 Men's or boys' overcoats, cloaks etc., not knitted or crocheted

2.2

0.3

0.6

1.3

5.2

11.6

14.4

18.5

20.9

24.0

 0302

 Fish, fresh or chilled

0.0

0.3

1.9

5.7

13.0

16.8

16.5

8.9

9.0

16.8

 Total for selected

217.8

730.4

768.0

1,021.6

1,018.7

1,115.9

1,149.5

1,118.7

1,331.0

1,714.2

 Total exports

335.8

937.0

1,011.4

1,320.4

1,428.1

1,467.8

1,490.2

1,482.7

1,807.8

2,145.0